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about the germans carry you on your shoulders when you're too lazy and stupid as tax reform and make rules these are you going to put your. dreams yeah you. why. before with friends like that on the mainstream media who needs enemies angela merkel doesn't need to do anything she has us mainstream media pundits on her side that's absurd what we were on earlier is the way that the media in the us that we watch portrays the situation in greece first cover i don't even think that that. would want that i mean just a complete idiot like you're an idiot joe you're a complete retard sorry i mean what are you doing we're talking about i mean how do you go out and say things like that about a tire nation of people and set me just it's ridiculous but anyway beside the point . yeah we were talking about how the media misrepresents misunderstands greece entirely and i think that they like to take the put greece inside like a larger european union and say greece's problems are about austerity and it's something that we can relate to with other countries in europe but it's not i mean greece is its
about the germans carry you on your shoulders when you're too lazy and stupid as tax reform and make rules these are you going to put your. dreams yeah you. why. before with friends like that on the mainstream media who needs enemies angela merkel doesn't need to do anything she has us mainstream media pundits on her side that's absurd what we were on earlier is the way that the media in the us that we watch portrays the situation in greece first cover i don't even think that that. would want...
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is you can easily just blame it on austerity and then it kind of precludes any discussion of cuts or tax reform and countries that are really need it like the u.s. because you can just say austerity and people are programmed to go oh no austerity is bad we're going to be greece and you see people on both sides of the aisle. use this argument and before i move on to the next story i just want to bring up a tweet that a greek journalist tweeted i thought kind of summed it up even if merkel decides to write off the greece debt today foreign media will still see the twenty people who burned nazi flags and throw stones at the police i mean it's just kind of the always the focus of any kind of coverage that grace gets is going to have good pictures of people protesting throwing molotov cocktails but where we want to is going i misspoke for use the word from the use sorry but donna. before that i just thought of it now but anyway the point is that the r word you don't know i don't agree with joe nothing really really got me upset like you're going to say that really got me upset it really got m
is you can easily just blame it on austerity and then it kind of precludes any discussion of cuts or tax reform and countries that are really need it like the u.s. because you can just say austerity and people are programmed to go oh no austerity is bad we're going to be greece and you see people on both sides of the aisle. use this argument and before i move on to the next story i just want to bring up a tweet that a greek journalist tweeted i thought kind of summed it up even if merkel...
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focus on the demand side and more focused on tax fairness. a real decision for obama to make if he's re-elected. >> right. one of the big mistakes that the obama administration says, they didn't have enough of the private sector organization. the one way i would propose to deal with that is put in someone like larry fink. people will scream, oh, my god, wall street. someone who's actually been in the trenches hiring and firing. you need somebody who's done that. >> speaking of the trenches, when you redo this game can you make it a foreign policy so we can do risk and attack on the country. >> thank you very much. up next, if you've ever wanted to see steve kornacki in high school, just wait. [ chuckles ] ♪ [ honk! ] ♪ [ honk! ] ♪ [ honk! ] ♪ [ male announcer ] now you'll know when to stop. [ honk! ] the all-new nissan altima with easy fill tire alert. [ honk! ] it's our most innovative altima ever. nissan. innovation that excites. ♪ innovation that excites. and every day since, two years ago, the people of bp made a commitment to t
focus on the demand side and more focused on tax fairness. a real decision for obama to make if he's re-elected. >> right. one of the big mistakes that the obama administration says, they didn't have enough of the private sector organization. the one way i would propose to deal with that is put in someone like larry fink. people will scream, oh, my god, wall street. someone who's actually been in the trenches hiring and firing. you need somebody who's done that. >> speaking of the...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal fo to buy new teeth and a new car, and stuck tom with the $57,000 bill. [tires squeal] now meet carl who works from the coffee shop and uses the free wi-fi. marie works from there too. she's an identity thief who used a small device to grab his wi-fi signal, then stole enough personal information to hijack and drain his bank accounts. every yemillions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. this is identity theft and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protecti
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who...
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for overall tax reform. what we are talking about their is to lower rates on everyone. and have maybe 25%, a 10% rate. you also start off with a clean sheet of paper. as far as the loopholes that are in the tax bill. .. >> should health care reform as we have now remain the same? >> it seems it is actually working and people across i would talk to me about it. or the parts of it that are very important to it. they did not kick the can down the road. so much is paid by everybody through the emergency room so let's include more people. the pre-existing condition who wants to go back to that? there should be some changes. the hospital situation, i wealth where the rubber meets the road will get the back. but they are giving better care. the fact they are creating jobs. >> changes? boswell: that will happen as we come to that point* but we're still in the infant change you cannot have a cap the policy because you have gotten sick common in the hospital, cannot have children on until they are 26. there are things
for overall tax reform. what we are talking about their is to lower rates on everyone. and have maybe 25%, a 10% rate. you also start off with a clean sheet of paper. as far as the loopholes that are in the tax bill. .. >> should health care reform as we have now remain the same? >> it seems it is actually working and people across i would talk to me about it. or the parts of it that are very important to it. they did not kick the can down the road. so much is paid by everybody...
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been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the chavez national monument that may help rally hispanic voters. new politico, george washington university battleground tracking poll of likely voters shows president may have an intensity problem. only 73% support him say they are extremely likely to vote compared to 86% who back romney. >> they know the race has tightened. >> bret: ed henry traveling with the president in california. ed thanks. >>> we are less than a month away from election day. much of the country is already taking part in early voting. we are taking our weekly look at how the electoral college map is shaping up. joining me again today are
been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the...
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we've seen you move to the middle on taxes saying, okay, i'm not going to cut taxes in a way that's going to raise the deficit. that's my rule. it's a hard, fast rule. he moved to the center on bipartisanship, on israel. i guess the question is, does that make him a more electable? i think it does. or does that make him the etch-a-sketch candidate? what's your read? >> well, i think that in addition to ann romney and his sons, i think there is an extended romney family within the campaign. people who have been with him throughout his career in politics. dating back to when he was governor of massachusetts. and i think they have been clambering for mitt romney to be more mitt romney than this right-wing creation we saw during the primaries, and i think they probably had a family conference at which point they thought, let's stop, you know, you pretending to be someone you're not. you've been doing it for two years, you get the nomination. let's be mitt romney. does it make him more electable? absolutely. >> andrea, i know you will remember this because you were covering it. but i go back t
we've seen you move to the middle on taxes saying, okay, i'm not going to cut taxes in a way that's going to raise the deficit. that's my rule. it's a hard, fast rule. he moved to the center on bipartisanship, on israel. i guess the question is, does that make him a more electable? i think it does. or does that make him the etch-a-sketch candidate? what's your read? >> well, i think that in addition to ann romney and his sons, i think there is an extended romney family within the...
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and other taxes and at an effective rate higher than romney pays his taxes. over 10% of them are senior citizens on social security. the rest are disabled vets and veterans and military personnel fighting now. that's the 47%. the 47%, this nation depends on to build this country. folks, it's about time governor romney takes some responsibility. [ cheers and applause ] take some responsibility to help the american people, the middle class. instead of lining up to sign a pledge to a guy named grover in order kwis. >> ezra, i have to say for me one of my favorite moments in the debate was with him pointing out the effective rate romney pays compared to what other people in the real world pay. i'm not sure how many people jumped on that a as their favorite moment but. >> you and me, lawrence. >> but biden is finding more effective ways of isolating that romney tax return 14% number. >> it wasn't just that. biden i thought actually figured out what obama didn't figure out a week before which is how to deal with the ryan/romney ticket on taxes, medicare and social
and other taxes and at an effective rate higher than romney pays his taxes. over 10% of them are senior citizens on social security. the rest are disabled vets and veterans and military personnel fighting now. that's the 47%. the 47%, this nation depends on to build this country. folks, it's about time governor romney takes some responsibility. [ cheers and applause ] take some responsibility to help the american people, the middle class. instead of lining up to sign a pledge to a guy named...
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i don't pledge to raise or cut taxes on the wealthy in this country. i love teachers. you know, i think we should have more of them. a whopolicy positions that disappeared instantaneously on that stage. i have no doubt, though, that president obama and vice president biden understand now that we're dealing with a guy that looks a lot like mndz romney and sounds like mitt romney, but we have mitt romney who believes that we ought to cut taxes on the wealthy as a way to prop up and drive economic growth, and that's his single economic theory, and we've got a guy who believes that we should be cutting teachers, not hiring more of them to invest in growth. >> robert, it's willie. it's good to see you this morning. >> hey, willie. >> i hope you can promise the american people and obama supporters that gene chizik won't be involved in the debate prep for the next debate. >> did joe put you up to that? >> that was all me, robert. >> please call joe scarborough and tell him to quit going negative. >> robert, i'm right here. >> we have a big game against vandy coming up, willie
i don't pledge to raise or cut taxes on the wealthy in this country. i love teachers. you know, i think we should have more of them. a whopolicy positions that disappeared instantaneously on that stage. i have no doubt, though, that president obama and vice president biden understand now that we're dealing with a guy that looks a lot like mndz romney and sounds like mitt romney, but we have mitt romney who believes that we ought to cut taxes on the wealthy as a way to prop up and drive economic...
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lack after record and policies that just tax plan. jenna: 29 days until the election, 29 days until the election i would expect nothing less than you two talking over each other and we look forward to having you back. both of you. as this gets closer to election day. and we all can say you're a liar. no you're a liar. we're going to talk more about it next time you guys are on. if it dissolves into that accusation both sides where are we really? that will be the next topic of debate. gentlemen, nice to have you. >> thank you. u.s. spaceginning of a new program, the first comercial mission to the international space station. it is underway right now. we have breaking details next. >> liftoff of the spacex falcon 9 rocket. gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding f
lack after record and policies that just tax plan. jenna: 29 days until the election, 29 days until the election i would expect nothing less than you two talking over each other and we look forward to having you back. both of you. as this gets closer to election day. and we all can say you're a liar. no you're a liar. we're going to talk more about it next time you guys are on. if it dissolves into that accusation both sides where are we really? that will be the next topic of debate. gentlemen,...
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austerity so then it kind of freaks anybody out when there are any real discussions about budget cuts or tax reform in economies that. meet them one being the u.s. i would argue but then anytime their proposed whether they're good or bad they kind of get a headline of austerity that freaks people out but the situation in greece greece got shut out of the private markets and could no longer borrow in the market so that forced greece into this situation where it's getting bailed out by other countries and being subject to their programs which mandate cuts they mandate reforms and they mandate that the money that they're spending is going to servicing this enormous huge debt that can never be paid so of course with with cuts and with the money they're spending going to servicing this huge debt obviously that's where government spending is going it's not going to be helping the economy so that's a very specific type of austerity and it's not the same thing as saying ok these are the priorities in our country in terms of what we think was going on in. the media likes to truncate issues to a very
austerity so then it kind of freaks anybody out when there are any real discussions about budget cuts or tax reform in economies that. meet them one being the u.s. i would argue but then anytime their proposed whether they're good or bad they kind of get a headline of austerity that freaks people out but the situation in greece greece got shut out of the private markets and could no longer borrow in the market so that forced greece into this situation where it's getting bailed out by other...
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those who do so risk losing their churches' tax-exempt status. according to a recent survey by the christian polling organization lifeway, 87% of pastors believe pastors should refrain from making political endorsements. the survey included both evangelical and mainline clergy. >>> the supreme court opened its new term on monday and a majority of the justices -- six of the nine -- attended the annual red mass, held the sunday before at st. matthew's cathedral in washington. at the annual event, catholic leaders encourage the justices to draw wisdom from their faith as they make their decisions. the court is set to tackle controversial issues once again this term, including a case involving affirmative action at the university of texas. many religious groups are anxious to see if the court will also agree to hear arguments on same-sex marriage. >>> a leading opponent of same-sex marriage, catholic bishop salvatore cordileone, has been elevated to archbishop of san francisco. cordileone was formally installed in a ceremony on thursday. in the past,
those who do so risk losing their churches' tax-exempt status. according to a recent survey by the christian polling organization lifeway, 87% of pastors believe pastors should refrain from making political endorsements. the survey included both evangelical and mainline clergy. >>> the supreme court opened its new term on monday and a majority of the justices -- six of the nine -- attended the annual red mass, held the sunday before at st. matthew's cathedral in washington. at the...
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new plans might leave the vatican bank feeling the pinch as the catholic church looks set to lose its tax exempt status plus. he better late than never japan's justice minister admits after thirty years of silence to having ties to the country's a mafia known as the yakuza. and u.s. pharmacists claim that the company responsible for a minute break forced them to prepare dinner just narcotics in conditions that they deemed unsafe and this and more online at our website r t v dot com. the u.n. security council has approved a resolution that could see a military intervention in mali the west african republic wants help to deal with islamic extremists who have taken over the north of the country the nation it was plunged into chaos in march after the coup toppled the president get out the rebels and islamists took advantage of the instability seizing the north and proclaiming independence resolution also called for secular rebel groups in the country to sever ties with al qaeda and enter talks to end the crisis. jerrold horn explains why it might be too late for the world community to clean u
new plans might leave the vatican bank feeling the pinch as the catholic church looks set to lose its tax exempt status plus. he better late than never japan's justice minister admits after thirty years of silence to having ties to the country's a mafia known as the yakuza. and u.s. pharmacists claim that the company responsible for a minute break forced them to prepare dinner just narcotics in conditions that they deemed unsafe and this and more online at our website r t v dot com. the u.n....
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lower tax rates increase growth. lower tax rates. >> now you're jack kennedy. >> well that was interruption. that was also a put-down and vice president biden woos factually wrong. jfk, ronald reagan, george w. bush, all of them tax rates, and the end result was a an increase in money flowing to the treasury. revenues went up when tax rates went down. joe biden was wrong. jamie: stu varney doing fact check for us this morning. bill: last night the twitter verse was going nuts. the thing was going to explode if it went more. that line was the most tweeted comment last night. one minute after the line about jack kennedy, 58,000 tweets. that is what was going on out there. jamie: it is a talker. bill: we're just getting started. some on the right feeling vice president biden interrupted congressman ryan too much. we'll can the romney team this morning about all the morning after. jamie: sarah palin knows exactly what it is like to debate joe biden. ahead we'll get her reaction. bill: vice president's biden and laffer an
lower tax rates increase growth. lower tax rates. >> now you're jack kennedy. >> well that was interruption. that was also a put-down and vice president biden woos factually wrong. jfk, ronald reagan, george w. bush, all of them tax rates, and the end result was a an increase in money flowing to the treasury. revenues went up when tax rates went down. joe biden was wrong. jamie: stu varney doing fact check for us this morning. bill: last night the twitter verse was going nuts. the...
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romney wants another $5 trillion in tax cuts that he can't pay for. we're not going let that happen. >> no. >> reporter: the president has no public events today and is off celebrating 20 years of marriage with the first lady. the campaign announced a huge fund raising hall for september totaling $181 million. republicans have yet to report their september totals. >> we're in it to win it. >> yeah! >> reporter: ann romney dropped in on campaign volunteers in orlando this afternoon. >> and we got to win. we have to win. >> we are going win florida. i will predict that. >> thank you. >> a recent gallop poll shows a stagger -- staggering amount of younger voters might be sitting the election out. fifty% of the registered voters in the age group will vote next month. that number falls far below the tional average of 78%. in washington, mike emmanuel, fox news. >>> the news edge on maryland now where hundreds of students marched from langley park to the university of maryland in support of maryland's dream act. they trying to ramp up support for question 4
romney wants another $5 trillion in tax cuts that he can't pay for. we're not going let that happen. >> no. >> reporter: the president has no public events today and is off celebrating 20 years of marriage with the first lady. the campaign announced a huge fund raising hall for september totaling $181 million. republicans have yet to report their september totals. >> we're in it to win it. >> yeah! >> reporter: ann romney dropped in on campaign volunteers in...
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i hear all this talk about about the death tax, the estate tax. it's going give a windfall to the people. all themen money going the privilege people who built the pis business, made their money it's their money. which is it? do we have a country built on equal natural rights, where you can make the most of your life, get up, work hard, take risks, become successful, create jobs, grow businesses, do well, earn success, and yes, pass it on to your kids. what on earth is wrong with that? that's the american dream. and to my friend to my side of the aisle who simply don't like some of the spending in the bill. i don't like it either. let's cut the spending next year when we're in charge. there's junk in the tax code. everybody agrees with this. this is advancing some of the junk in the tax code and what i say to my friends on the other side of the aisle next year let's get rid of the junk of the tax code with we're in charge. right now, let's not hit the american people with the tax increase. if we want to get this debt under control, if we want to g
i hear all this talk about about the death tax, the estate tax. it's going give a windfall to the people. all themen money going the privilege people who built the pis business, made their money it's their money. which is it? do we have a country built on equal natural rights, where you can make the most of your life, get up, work hard, take risks, become successful, create jobs, grow businesses, do well, earn success, and yes, pass it on to your kids. what on earth is wrong with that? that's...
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whether it's their capital gains tax, their income tax, investment tax, any tax. and 95% of the people in the united states of america making less than $150,000 will get a tax break. now, that seems to me to be simple fairness. the economic engine of america is the middle class. it's the people listening to this broadcast. when you do well, america does well. even the wealthy do well. this is not punitive. john wants to add $300 million, billion in new tax cuts per year for corporate america and the very wealthy while giving virtually nothing to the middle class. we have a different value set. the middle class is the economic engine. it's fair. they deserve the tax breaks, not the super wealthy who are doing pretty well. they don't need any more tax breaks. and by the way, they'll pay no more than they did under ronald reagan. >> governor? >> i do take issue with some of the principle there with that redistribution of wealth principle that seems to be espoused by you. but when you talk about barack's plan to tax increase affecting only those making $250,000 a year
whether it's their capital gains tax, their income tax, investment tax, any tax. and 95% of the people in the united states of america making less than $150,000 will get a tax break. now, that seems to me to be simple fairness. the economic engine of america is the middle class. it's the people listening to this broadcast. when you do well, america does well. even the wealthy do well. this is not punitive. john wants to add $300 million, billion in new tax cuts per year for corporate america...
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going back to this issue of his taxes not only has he not released his tax returns, as many presidential candidates have in the past, of course, but he's effectively paid a 14% rate on his taxes, and that is something that is a lower rate paid on investment income. let's have a listen to a little bit of that ad. >> you've paid 14% in federal taxes. that's the capital gains rate. is that fair to the guy who makes $50,000 and paid a higher rate than you did? so you think it is fair? >> yeah, i think it's -- it's the right way you encourage economic growth. >> lower tax rates for him than us. is that the way to grow america? >> and so it goes, alex. the president leaving the white house just a little later this morning. >> mike viqueira, thank you very much. while the gop ticket is crisscrossing the crucial battleground state of ohio again today and mitt romney will be holding two events. one in portsmouth, another in lebanon. in hours paul ryan holds his rally in youngstown. that is where we find nbc's ron mott live at youngstown state university. we know that the campaign is making a very
going back to this issue of his taxes not only has he not released his tax returns, as many presidential candidates have in the past, of course, but he's effectively paid a 14% rate on his taxes, and that is something that is a lower rate paid on investment income. let's have a listen to a little bit of that ad. >> you've paid 14% in federal taxes. that's the capital gains rate. is that fair to the guy who makes $50,000 and paid a higher rate than you did? so you think it is fair?...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. >>> joining us, the democratic strategist hilary rosen and republican strategist john feri. seeing a softer side of mitt romney, telling personal stories we haven't heard him do in the past. let me play a little clip. >> so i put my hand on his shoulder and i reached over and i said, billy,
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the...
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he would be willing to pay higher taxes if he was treated with respect. and you know what they say about respect, if you have to ask, you deserve it. but the president seems unwilling to give them that respect, but i am. to soothe the wounded spirit of our job creators, i have created the official stephen colbert certificate of richness. it proclaims-- (applause) it proclaims that the hold holder of this document has amassed inconceivable wealth that he truly deserves and more importantly, someone likes him. available for one million dollars on which i will pay taxes if i am shown respect. and folks-- (laughter) >> right now this movement doesn't have an official name. so i am also forming a new political party to give billionaires the respect they deserve. i call it the protecting industry titans and yachtsman party or pitty party. so percent kulted rich, join-- persecuted rich, join the pitty party because obama might be re-elected. and if he's willing to say that he wants to go after wall street in his first term, there's a chance he might actually do
he would be willing to pay higher taxes if he was treated with respect. and you know what they say about respect, if you have to ask, you deserve it. but the president seems unwilling to give them that respect, but i am. to soothe the wounded spirit of our job creators, i have created the official stephen colbert certificate of richness. it proclaims-- (applause) it proclaims that the hold holder of this document has amassed inconceivable wealth that he truly deserves and more importantly,...
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that of course creates more tax revenue. in essence, you have more revenue that could be used in the government. so what we're looking at is -- >> by the way, just -- the 12 million figure that you guys like to use, economists have said if no one does anything, 12 million jobs are going to be added over the next few years. to say that 12 million jobs is an incredible achievement. >> i would say it's incredible when you look at president obama's current stagnant economy, when you're only seeing the gdp growing at 1.2%. and less than 114,000 jobs are being created a month. i mean it's just been, the way president obama has worked, where he's not been able to work with congress, not been able to provide the leadership to really get this economy going. just shows he has a failed policy that hasn't worked. we're seeing that medium household incomes have dropped. not enough jobs, jobs are not being created at the rate they should be created. under his plan, it would cost 700,000 jobs. that's not the plan we need to have for americ
that of course creates more tax revenue. in essence, you have more revenue that could be used in the government. so what we're looking at is -- >> by the way, just -- the 12 million figure that you guys like to use, economists have said if no one does anything, 12 million jobs are going to be added over the next few years. to say that 12 million jobs is an incredible achievement. >> i would say it's incredible when you look at president obama's current stagnant economy, when you're...
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Oct 12, 2012
10/12
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and now another reality check on mitt romney's tax plan. >> they fought a lot about the romney tax plan. ryan said you could have 20% income tax rate cuts across the board, remain deficit neutral without eliminating deductions that benefit the middle class. listen. >> you can cut tax rates by 20%. >> not mathematically possible. >> it is mathematically possible. >> the facts, nonpartisan tax policy center says given what we know about romney's plan, it's not possible to cut rates as much as he would like without eliminating deductions that would affect the middle class. you can't dot without changing rules on taxes, which the romney campaign said it will not do. our verdict here is false according to the tax policy center, this cannot be done. another subject, the auto bailout. the vice president made the claim that mitt romney said let detroit go bankrupt. >> we immediately went out and rescued general motors, went ahead and made sure we cut taxes for the middle class. in addition to that, when that occurred, what did romney do? romney said, no, let detroit go bankrupt. >> romney penne
and now another reality check on mitt romney's tax plan. >> they fought a lot about the romney tax plan. ryan said you could have 20% income tax rate cuts across the board, remain deficit neutral without eliminating deductions that benefit the middle class. listen. >> you can cut tax rates by 20%. >> not mathematically possible. >> it is mathematically possible. >> the facts, nonpartisan tax policy center says given what we know about romney's plan, it's not...
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Oct 6, 2012
10/12
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. >> how do you track your taxes. >> i pay my sales tax but for my 2011 taxes, i just guessed. >> you guessed? >> guestimated an amount. >> i think i guessed high. >> that's a technical foul, we call it. >> let's go look at the books. >> show us where they are. literally. i want to see it. >> this is the office? >> yes. >> this is where it all happens. i'm glad to see you have accounting records. >> those aren't mine. that's the previous business owner. >> okay. >> these are mine right here. >> all right. it looks like you followed their system. >> they headed back upstairs where dawn got erica started on a quickbooks account. >> hit finish. >> all right. >> now we've created the bank account. >> be brutally honest with me. erica is upstairs. >> sure. >> what's your first impression? >> hot mess. first interpretation of what i've seen here. not, again, not abnormal but frightening. >> can a business operate like this? >> well, they can for not very long. they won't be in business very long like this. >> okay. you feel confident we can fix it, get her on track. >> we can always fix it.
. >> how do you track your taxes. >> i pay my sales tax but for my 2011 taxes, i just guessed. >> you guessed? >> guestimated an amount. >> i think i guessed high. >> that's a technical foul, we call it. >> let's go look at the books. >> show us where they are. literally. i want to see it. >> this is the office? >> yes. >> this is where it all happens. i'm glad to see you have accounting records. >> those aren't mine....
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Oct 14, 2012
10/12
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age 19, travis wolfkill was convicted of stabbing and beating his grandmother to death over a $300 tax refund check. he's currently on appeal but his sentence is life without parole. >> you don't really wrap your mind around it. because i'm not doing time. i'm just living life. it's a life different from out there. we have a lot of the same things in here that you do have out there. it's a little world in here. >> wolfkill devotes much of his time to his religion, satanism. >> i'm in a satanic group here. only about four of us here. it's a small community. >> the thing about satanism, we don't encourage or condone the breaking of laws. one of the biggest misconceptions about satanists is that we worship the devil. we pay homage to lucifer. the truth is, we don't believe in satan, we don't believe in lucifer. he's merely a symbol. who is satan? the original rebel. this actually has all of the teachings in it. this has what's called the 11 satanic rules of the earth. if you look at number nine, it says do not harm little children. number ten says do not kill nonhuman animals unless you a
age 19, travis wolfkill was convicted of stabbing and beating his grandmother to death over a $300 tax refund check. he's currently on appeal but his sentence is life without parole. >> you don't really wrap your mind around it. because i'm not doing time. i'm just living life. it's a life different from out there. we have a lot of the same things in here that you do have out there. it's a little world in here. >> wolfkill devotes much of his time to his religion, satanism. >>...
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Oct 12, 2012
10/12
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tax cut unless you give the tax cut for the super wealthy. it is about time they take some responsibility. >> joe and i are from similar towns. but you know what the unemployment rate in scranton, pa., is today? attempt%. -- 10%. that is how is going all around america. >> that is not how it is going. it is going down. >> did they inherit a tough situation? absolutely. but we're going in the wrong direction. the economy is barely limping along. job growth in september was slower than it was in august and august was slower than it was in july. we're having in the wrong direction. 23 million americans are struggling for work. 15% of americans are living in poverty. this is not what a real recovery looks like. we need real reforms for a real recovery. that is exactly what we are proposing. gift america energy independence by the end of the decade. get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney i
tax cut unless you give the tax cut for the super wealthy. it is about time they take some responsibility. >> joe and i are from similar towns. but you know what the unemployment rate in scranton, pa., is today? attempt%. -- 10%. that is how is going all around america. >> that is not how it is going. it is going down. >> did they inherit a tough situation? absolutely. but we're going in the wrong direction. the economy is barely limping along. job growth in september was...
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Oct 11, 2012
10/12
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i disagree. >> mitt romney's tax proposals, because he has said that he can cut taxes without blowing up the deficit, without being deficit neutral, and at the same time keep defense spending. >> yeah. >> increase the defense budget. how does that work? >> governor romney said he can lower marginal tax rates and generate offsetting revenue so we don't increase the side of the deficit. >> how do you generate that? >> you reduce the number of write-offs and loopholes in some combinations. >> which would you reduce? he's not been specific. >> he's provided more specificity than the president and any candidate. >> he's not specific about which deductions. >> one of the things he's said is a mechanism that limits val i of all itemized deductions might be one way to go. that's a way that you take a whole basket of all of the itemized deductions. >> 17,000. >> maybe it's some other number. but andrea, this is very specific. he's called for a cross the board marginal rate reductions, specified amount, 20%, insisted no increase in taxes on the middle class, that's one of the parameters, he sai
i disagree. >> mitt romney's tax proposals, because he has said that he can cut taxes without blowing up the deficit, without being deficit neutral, and at the same time keep defense spending. >> yeah. >> increase the defense budget. how does that work? >> governor romney said he can lower marginal tax rates and generate offsetting revenue so we don't increase the side of the deficit. >> how do you generate that? >> you reduce the number of write-offs and...
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Oct 6, 2012
10/12
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taxes. >> for instance, he is going to raise taxes. vice president blurted out the truth. they plan on raising taxes trillion. they have already raised them a trillion. that is increases on taxes on small business, among other things. that will mean less jobs. >> reporter: on the campaign trail in ohio, president obama appeared to have a lot of fire that he seemed to be lacking on tuesday night. and accusing romney at shocking dishonesty and even though the deputy campaign acknowledged that tax cut would not be nearly 5 trillion dollars, it's something that the president repeated in cleveland. >> we put two wars a two tax cuts on a credit card. we didn't pay for them. now, mr. romney wants another 5 trillion dollars in tax cuts that he can't pay for. we're not going to let that happen. we are not going to fall backward, not with so much at stake. >> reporter: governor romney answering in the ad wars, as well. a new ad featuring melanie mack that mara that voted for president obama back in 20
taxes. >> for instance, he is going to raise taxes. vice president blurted out the truth. they plan on raising taxes trillion. they have already raised them a trillion. that is increases on taxes on small business, among other things. that will mean less jobs. >> reporter: on the campaign trail in ohio, president obama appeared to have a lot of fire that he seemed to be lacking on tuesday night. and accusing romney at shocking dishonesty and even though the deputy campaign...